Construction Loan Officer Salary in the United States

Construction Loan Officer Salary

How much does a Construction Loan Officer make in the United States? The average Construction Loan Officer salary in the United States is $92,305 as of May 28, 2020, but the range typically falls between $76,841 and $112,834. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Salary Salary + Bonus Benefits How To Become
25% $76,841 10% $62,761 90% $131,525 75% $112,834 $92,305 50%(Median)
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Job Description for Construction Loan Officer

Construction Loan Officer develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Being a Construction Loan Officer recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy. Approves loan within established limits or refers to loan to loan committee for approval. Additionally, Construction Loan Officer may be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2020 Salary.com)... View full job description

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Job Openings for Construction Loan Officer
Those that have already made the climb...
Pamela J. Shelley-Kessler, Executive Vice President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2018
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Construction Loan Officer Pay Difference by Location

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%

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Understand the total compensation opportunity for a Construction Loan Officer, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
76841
112834
92305

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
78232
128351
101408
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Construction Loan Officer in the United States. The base salary for Construction Loan Officer ranges from $76,841 to $112,834 with the average base salary of $92,305. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $78,232 to $128,351 with the average total cash compensation of $101,408.
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76841
112834

 

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Skills associated with Construction Loan Officer: Loan Authorization, Loan Software, Specialty Lending

Salary estimation for Construction Loan Officer at companies like : FS Bancorp, Inc., HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC